Located in New South Wales within the Mid-Western Regional local government area, Bungaba is a sparsely populated locality (postcode 2852). It is home to about 88 residents, with an older-leaning population and a median age of 51. Households earn a median income of $75K per year, with an average household size of 2.1 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, machinery operators & drivers, managers. Employment in the area leans toward mining and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Bungaba is $655,000, having jumped by 77.5% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,517.
Public transport access includes 4 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.2%, which reads as moderate yield. Property prices sit below the state median ($655K/$1.5M), which can point to relative value. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +77.5% year-on-year.